|
|
|
MIRA INFORM REPORT
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Report No. : |
489722 |
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Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
CHW FORGE PRIVATE LIMITED [w.e.f.29.11.2010] |
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|
|
|
Formerly Known
As : |
CHW
FORGE LIMITED [w.e.f.07.10.2010] CHAUDHRY
HAMMER WORKS LIMITED [w.e.f.12.12.2003] CHAUDHRY HAMMER WORKS PRIVATE LIMITED |
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|
|
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Registered
Office : |
Near Hapur Road Flyover, Maliwara-4, Ghaziabad - 201001, Uttar Pradesh |
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Tel. No.: |
91-120-4186600 |
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|
|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
17.11.1970 |
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|
|
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Com. Reg. No.: |
20-057609 |
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|
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Capital
Investment / Paid-up Capital : |
INR 35.483 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U27310UP1970PTC057609 |
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|
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GST No.: |
09AAACC6049C1ZX |
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TIN No.: |
09390900003 |
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|
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IEC No.: |
0596016352 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AAACC6049C |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Seller of Steel and Aluminium Forgings, Flanges and Machinery Parts. [Confirmed by Management] |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1970. It is a Manufacturer and Sale of Steel and Aluminium Forgings, Flanges and Machinery Parts. For the financial year 2017, the company has reported decline in its revenue as compared to previous year but has managed to maintain fair profit margin of 3.48%. The healthy financial profile of the company marked by strong networth base and favourable gap between trade payable and trade receivables along with strong debt coverage indicators due to low debt balance sheet profile. The company has decent Earning Per Share [EPS] of INR 154.29 against
the face value [FV] of INR 100. Rating also derives from company’s established position in the forging
industry support by reputed clients. However, rating strength are partially offset by highly working capital
intensive operations, expected increase in exposure to competitive pressures
in the forging industry, and vulnerability to cyclicality in demand in the
end users industries. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Commercial Paper = A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
21.06.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
21.06.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 07.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED BY
|
Name : |
Mr. Mukul Chaudhry |
|
Designation : |
Managing Director |
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Contact No.: |
91-120-4186600 |
|
Date : |
02.02.2018 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Near Hapur Road Flyover, Maliwara-4, Ghaziabad - 201001, Uttar
Pradesh, India |
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Tel. No.: |
91-120-4388000 |
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Fax No.: |
91-120-4376971 |
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E-Mail : |
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Website : |
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|
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Factory 2 : |
Achheja, P.O. Dujana, G.T. Road, Greater Noida (Phase II) – 203207, Uttar Pradesh, India |
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Tel. No.: |
91-120-4186600 |
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Fax No.: |
91-120-4186641 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Mukul Chaudhry |
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Designation : |
Managing Director |
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Address : |
KL-152, Kavi Nagar, Ghaziabad 201001, Uttar Pradesh, India |
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Date of Birth/Age : |
25.11.1960 |
||||||||||||||||
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Qualification : |
Graduate |
||||||||||||||||
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Date of Appointment : |
24.11.1982 |
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PAN No.: |
ABJPC8300R |
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DIN No.: |
00216504 |
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Other
Directorship :
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|
||||||||||||||||
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Name : |
Mr. Anish Chaudhry |
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Designation : |
Whole-Time Director |
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Address : |
KL-152, Kavi Nagar, Ghaziabad 201001, Uttar Pradesh, India |
||||||||||||||||
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Date of Birth/Age : |
16.07.1971 |
||||||||||||||||
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Qualification : |
Post Graduate |
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Date of Appointment : |
01.08.1993 |
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PAN No.: |
AAVPC4500A |
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DIN No.: |
00279686 |
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Other
Directorship :
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||||||||||||||||
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Name : |
Mr. Sachin Chaudhry |
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Designation : |
Whole-Time Director |
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Address : |
KK-10, Kavi Nagar, Ghaziabad 201001, Uttar Pradesh, India |
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Date of Birth/Age : |
08.12.1973 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.08.1996 |
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PAN No.: |
AEDPC0494D |
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DIN No.: |
00052031 |
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Other
Directorship :
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||||||||||||||||
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Name : |
Mr. Swatantra Kumar Sharma |
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Designation : |
Whole-Time Director |
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|
Address : |
D-398, Govindpura M.P.S., Kavi Nagar, Ghaziabad 201002, Uttar Pradesh, India |
||||||||||||||||
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Date of Birth/Age : |
10.10.1953 |
||||||||||||||||
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Qualification : |
Graduate |
||||||||||||||||
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Date of Appointment : |
04.08.2010 |
||||||||||||||||
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PAN No.: |
AGNPS4456P |
||||||||||||||||
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DIN No.: |
02610235 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Anirudh Aggarwal |
|
8130 |
|
Anubhav Aggarwal |
|
7690 |
|
A. P. and Sons (HUF) |
|
28000 |
|
Purnima Chaudhry |
|
25979 |
|
Mukul Chaudhry |
|
62477 |
|
Deepika Chaudhry |
|
15000 |
|
Anushka Aggarwal |
|
10000 |
|
Ansh Agarwal |
|
10000 |
|
Anish Chaudhry |
|
67776 |
|
Anish Chaudhry and Sons (HUF) |
|
1500 |
|
B. K. and Sons (HUF) |
|
25000 |
|
Nitu Chaudhry |
|
9663 |
|
Sachin Chaudhry |
|
63613 |
|
Sanya Agarwal |
|
10000 |
|
Rajveer Agarwal |
|
10000 |
|
|
|
|
|
Total |
|
354828 |
AS ON 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Seller of Steel and Aluminium Forgings, Flanges and Machinery Parts. [Confirmed by Management] |
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Products : |
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Brand Names : |
“CHW Forge” |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· State Bank of India SIB Branch, Navyug Market, Ghaziabad - 201001, Uttar Pradesh, India · Citi Bank N.A. Jeevan Bharti Building, 4th Floor, 124, Connaught Circus, Connaught Place, New Delhi - 110001, Delhi, India · ICICI Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India · HDFC Bank Limited |
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Facilities : |
|
|
|
|
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Financial Institutions : |
· U.P. Financial Corporation · Daimler Financial Services India Private Limited |
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|
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Auditors : |
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|
Name : |
P. Jain and Company Chartered Accountants |
|
Address : |
6, Navyug Market, Old Munsfi Road, Jagdish Nagar, Ghaziabad 201001, Uttar Pradesh, India |
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PAN No.: |
AABFP6159J |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
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|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
715000 |
Equity Shares |
INR 100/- each |
INR 71.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
354828 |
Equity Shares |
INR 100/- each |
INR 35.483
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
35.483 |
35.483 |
35.483 |
|
(b) Reserves and Surplus |
1374.033 |
1319.289 |
1357.341 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1409.516 |
1354.772 |
1392.824 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
764.380 |
77.652 |
127.778 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
14.123 |
0.000 |
0.000 |
|
(d) long-term
provisions |
13.334 |
13.101 |
10.626 |
|
Total Non-current
Liabilities (3) |
791.837 |
90.753 |
138.404 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
284.768 |
346.105 |
208.806 |
|
(b) Trade
payables |
113.860 |
121.377 |
165.658 |
|
(c) Other current
liabilities |
375.135 |
137.343 |
140.695 |
|
(d) Short-term
provisions |
4.171 |
3.602 |
45.504 |
|
Total Current
Liabilities (4) |
777.934 |
608.427 |
560.663 |
|
|
|
|
|
|
TOTAL |
2979.287 |
2053.952 |
2091.891 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1882.929 |
987.400 |
888.658 |
|
(ii)
Intangible Assets |
0.438 |
1.254 |
2.397 |
|
(iii) Tangible assets
capital work-in-progress |
38.100 |
64.371 |
0.306 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
122.403 |
68.391 |
56.396 |
|
(d)
Long-term
loans and advances |
38.619 |
147.877 |
38.388 |
|
(e) Other Non-current
assets |
12.869 |
6.149 |
7.864 |
|
Total Non-Current
Assets |
2095.358 |
1275.442 |
994.009 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
365.209 |
343.286 |
392.908 |
|
(c) Trade
receivables |
417.590 |
363.708 |
564.888 |
|
(d) Cash and bank
balances |
4.754 |
9.719 |
54.756 |
|
(e)
Short-term loans and advances |
96.270 |
61.573 |
84.970 |
|
(f) Other
current assets |
0.106 |
0.224 |
0.360 |
|
Total
Current Assets |
883.929 |
778.510 |
1097.882 |
|
|
|
|
|
|
TOTAL |
2979.287 |
2053.952 |
2091.891 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1575.137 |
1929.508 |
2740.182 |
|
|
Other Income |
4.446 |
19.597 |
6.120 |
|
|
TOTAL |
1579.583 |
1949.105 |
2746.302 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
727.626 |
803.316 |
1397.772 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.448) |
33.728 |
4.640 |
|
|
Employee benefit expense |
180.307 |
185.251 |
119.943 |
|
|
CSR expenditure |
4.122 |
7.072 |
0.000 |
|
|
Other expenses |
439.733 |
515.841 |
649.326 |
|
|
Prior period items |
0.000 |
0.000 |
0.159 |
|
|
TOTAL |
1351.340 |
1545.208 |
2171.840 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
228.243 |
403.897 |
574.462 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
41.389 |
46.830 |
57.161 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
186.854 |
357.067 |
517.301 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
185.980 |
178.571 |
225.526 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.874 |
178.496 |
291.775 |
|
|
|
|
|
|
|
Less |
TAX |
(53.871) |
67.077 |
100.409 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
54.745 |
111.419 |
191.366 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
154.29 |
314.01 |
539.00 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
138.436 |
50.127 |
49.838 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
192.336 |
609.757 |
480.098 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
187.636 |
486.146 |
406.101 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
96.77 |
68.80 |
75.24 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.77 |
5.31 |
4.85 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
57.12 |
55.15 |
43.26 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.62 |
1.18 |
1.46 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.12 |
0.38 |
0.64 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.56 |
0.36 |
0.35 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.84 |
0.35 |
0.28 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.55 |
0.45 |
0.40 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.36 |
0.78 |
0.64 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.51 |
8.62 |
10.05 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.48 |
5.77 |
6.98 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.84 |
5.42 |
9.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.88 |
8.22 |
13.74 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.14 |
1.28 |
1.96 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.67 |
0.72 |
1.26 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.47 |
0.66 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
33.47 |
13.36 |
10.89 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.14 |
1.28 |
1.96 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
35.483 |
35.483 |
35.483 |
|
Reserves & Surplus |
1357.341 |
1319.289 |
1374.033 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1392.824 |
1354.772 |
1409.516 |
|
|
|
|
|
|
Long-term borrowings |
127.778 |
77.652 |
764.380 |
|
Short term borrowings |
208.806 |
346.105 |
284.768 |
|
Current maturities of
long-term debts |
49.838 |
50.127 |
138.436 |
|
Total
borrowings |
386.422 |
473.884 |
1187.584 |
|
Debt/Equity
ratio |
0.277 |
0.350 |
0.843 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2740.182 |
1929.508 |
1575.137 |
|
|
|
(29.585) |
(18.366) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2740.182 |
1929.508 |
1575.137 |
|
Profit/ (Loss) |
191.366 |
111.419 |
54.745 |
|
|
6.98
% |
5.77
% |
3.48
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G28480879 |
100064029 |
YES BANK LIMITED |
08/09/2016 |
- |
- |
100000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIADR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
2 |
G10873263 |
100049138 |
HDFC BANK LIMITED |
28/07/2016 |
- |
- |
300000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL(WEST)MUMBAIMH400013IN |
|
3 |
G43061431 |
100036047 |
HDFC BANK LIMITED |
27/04/2016 |
31/01/2017 |
- |
200000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WESTMUMBAIMH400013IN |
|
4 |
C68062157 |
10599301 |
LANDESBANK BADEN-WUERTTEMBERG |
06/10/2015 |
- |
- |
140008000.0 |
AM HAUPTBAHNHOF 270173 STUTTGART, GERMANYSTUTTGARTNA70173DE |
|
5 |
C68061563 |
10598987 |
LANDESBANK BADEN-WUERTTEMBERG |
06/10/2015 |
- |
- |
424464000.0 |
AM HAUPTBAHNHOF 270173 STUTTGART, GERMANYSTUTTGARTNA70173DE |
|
6 |
C44465292 |
10551304 |
DAIMLER FINANCIAL SERVICES INDIA PRIVATE LIMITED |
20/01/2015 |
- |
- |
4300000.0 |
UNIT 202, 2ND FLOOR, CAMPUS 3B,RMZ MILLENNIABUSINESS PARK, NO.143, DR. M.G.R.ROAD,PERUNGUDICHENNAITN600096IN |
|
7 |
C44463511 |
10551303 |
DAIMLER FINANCIAL SERVICES INDIA PRIVATE LIMITED |
20/01/2015 |
- |
- |
4300000.0 |
UNIT 202, 2ND FLOOR, CAMPUS 3B,RMZ MILLENNIABUSINESS PARK, NO.143, DR. M.G.R.ROAD,PERUNGUDICHENNAITN600096IN |
|
8 |
C21951017 |
10521405 |
CITI BANK N.A. |
28/08/2014 |
- |
- |
11120000.0 |
JEEVAN BHARTI BUILDING, 4TH FLOOR,124, CONNAUGHT CIRCUS, CONNAUGHT PLACE,NEW DELHIDL110001IN |
|
9 |
C03935871 |
10490759 |
CITI BANK N.A. |
28/04/2014 |
- |
- |
100000000.0 |
JEEVAN BHARTI BUILDING, 4TH FLOOR124 CONNAUGHT CIRCUS, CONNAUGHT PLACENEW DELHIDL110001IN |
|
10 |
B67473884 |
10401550 |
BRAHMOS AEROSPACE PRIVATE LIMITED |
05/02/2013 |
- |
- |
70000000.0 |
NO 16 CARRIAPPA MARGKIRBY PLACEDELHI CANTTNEW DELHIDL110010IN |
|
11 |
B71382717 |
10413571 |
CITI BANK N.A. |
28/01/2013 |
- |
- |
100000000.0 |
JEEVAN BHARTI BUILDING, 4TH FLOOR124, CONNAUGHT CIRCUS, CONNAUGHT PLACENEW DELHIDL110001IN |
|
12 |
C53695334 |
10181966 |
CITI BANK N.A. |
29/09/2009 |
15/05/2015 |
- |
402000000.0 |
JEEVAN BHARTI BUILDING, 4TH FLOOR,124 CONNAUGHT CIRCUS, CONNAUGHT PLACE,NEW DELHIDL110001IN |
|
13 |
Y10387440 |
90270853 |
STATE BANK OF INDIA |
15/02/2005 |
15/02/2005 |
- |
12000000.0 |
SIB BRANCHNAVYUG MARKETGHAZIABADUPIN |
|
14 |
B65148280 |
80005811 |
STATE BANK OF INDIA |
27/06/1996 |
06/11/2012 |
- |
558000000.0 |
COMMERCIAL BRANCHM-47, CONNAUGHT CIRCUSNEW DELHIDL110001IN |
|
15 |
Y10388453 |
90271866 |
STATE BANK OF INDIA |
27/06/1996 |
15/02/2005 |
- |
11500000.0 |
SIB BRANCHNAVYUG MARKETGHAZIABADUPIN |
|
16 |
Y10386886 |
90270299 |
STATE BANK OF INDIA |
27/06/1996 |
24/11/2000 |
- |
11500000.0 |
SIB BRANCHNAVYUG MARKETGHAZIABADUPIN |
|
17 |
C15318173 |
90269490 |
THE PRADESHIYA INDUSTRTIAL & INVESTMENT CORPORATION UP LTD |
18/03/2002 |
- |
21/07/2014 |
20395140.0 |
PICUT BHAAVANGOMTI NAGARLUCKNOWUPIN |
|
18 |
C14153233 |
90271760 |
U.P. FINANCIAL CORPORATION |
04/09/1995 |
- |
10/07/2014 |
1550000.0 |
14/88CIVIL LINESLUCKNOWUPIN |
|
19 |
C14153639 |
90271880 |
U.P. FINANCIAL CORPORATION |
26/08/1996 |
- |
10/07/2014 |
2750000.0 |
14/88CIVIL LINESKANPURUPIN |
|
20 |
C05223540 |
10284174 |
HDFC BANK LIMITED |
15/03/2011 |
- |
08/05/2014 |
54000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Other loans and advances |
2.009 |
0.160 |
|
Commercial paper |
0.000 |
200.000 |
|
|
|
|
|
Total |
2.009 |
200.160 |
STATE OF COMPANY’S
AFFAIRS
The board expects that the profitability in the Company will be better in the coming years.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Computer equipments
·
Office equipment
·
Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.27 |
|
UK Pound |
1 |
INR 89.72 |
|
Euro |
1 |
INR 79.52 |
INFORMATION DETAILS
|
Information Gathered
by : |
SHAL |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.